July 3, 2025 · 10 mins read
Santhosh Kumar
Banks are offering Fuel Credit cards to customers in an effort to provide them with maximum benefits when purchasing fuel. Having this card enables those who frequently purchase fuel for various purposes to reduce their fuel expenditure. Apart from that, it enables users of Fuel Credit cards to utilize it for other lifestyle benefits.
With many banks and financial institutions offering credit cards, the benefits associated with Fuel Credit cards vary. Apart from lowering the expenses of purchasing fuel, some other benefits that come with Fuel Credit cards are as follows:
1: Get Reward Points
2: Redemption of points earned
3: Eligible for Cashback
4: Eligible for Surcharge Waiver
5: Dining offers
6: BookMyShow Offer
7: Eligible for Turbo Points
8: Waiver of Annual Fees
9: Can make utility bill payments
10: Eligible for Telecom benefits
11: Concierge Service
When choosing the best fuel credit card, the most important thing is to identify the payment pattern. The individual should look for a card that offers both fuel benefits and the best interest rates.
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The individual needs to analyze their expenses and decide on a monthly budget for fuel. This is quite important as availing a fuel credit card without analyzing this would not serve the purpose.
The fees and charges associated with the fuel credit card that one intends to get also need to be assessed prior to availing of the card. If this is not done, the benefits and discounts associated with fuel credit cards may be negated by the high fees and charges that come with the card.
It is advisable to review the redemption process for the fuel credit card. It is better to get those cards that offer instant redemption of points.
When searching for a fuel credit card, consider how much you will ultimately save on your fuel transactions.
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This is one of the most important things that you should look at when you are looking for a fuel credit card. You should check if the benefits are offered at particular petrol pumps owned by a certain Oil Company or at all the petrol pumps across the country.
Figure out if you will receive a fuel surcharge waiver on your fuel spending or not.
Ensure the spending limit to avail benefits is not excessively high.
Check the annual fee of the credit card that you plan to purchase. Some cards offer you an annual fee waiver when you spend a certain amount of money using your card in a year.
Review the redemption process for the credit card you plan to use for the purchase. See if it offers instant redemption or not. Most cards provide instant redemption of points at petrol pumps.
Welcome Benefits: SBM Magnet Credit Card holders can earn welcome benefits of over Rs 21,000, offered upon card approval, including shopping vouchers, travel discounts, and OTT subscriptions.
Reward Points: Cardholders can earn rewards of up to 10% on making purchases from all leading brands.
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The Zet Card, advertised through the Zet App, is a premium credit card option designed for digitally savvy Indian clients. Unlike conventional banks, Zet offers a credit line through its app that functions much like a credit card but with flexible repayment options and simplified rewards.
Zet is not tied to a single bank. Instead, it accomplishes this by partnering with NBFCs and providing financial education to enable clients to access a virtual credit experience available through UPI and card-based payments. Here's what you get when you utilize the Zet Card:
1: Zet points: Gain 1 Zet Point for each ₹200 that went through. These focuses are redeemable for vouchers, cash back, or used to offset future payments.
2: ₹250 worth of Zet Focuses on effective enactment and begins with the transaction.
3: ₹500 referral reward in Zet Focuses for each companion you welcome who joins and transacts.
4: 5% cash back on select partner vendors, including Swiggy, Zomato, Flipkart, and Myntra.
5: Discounted blessing cards from brands like Amazon, BigBasket, and BookMyShow when you recover your Zet Points.
6: EMI changes for large purchases through the app interface—no printed material required.
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Zet Card offers credit constraints ranging from ₹5,000 to ₹1,00,000, depending on your profile and reimbursement history. You can utilize this constraint for both online and offline exchanges. Not at all like ordinary cards, there's no physical card issued—instead, you get a virtual card and UPI-linked credit line.
1: No joining expense – apply and enact with zero forthright charges.
2: Flexible reimbursement options: Choose to pay your adjustment weekly, bi-weekly, or monthly.
3: Credit score benefits: Reimbursement history is detailed to bureaus, making a significant difference in establishing a strong credit profile.
4: Instant endorsement: Most clients receive endorsement within 5 minutes through Container and Aadhaar verification.
5: Real-time investing experiences: The Zet App provides budgeting tools and updates to keep your accounts in check.
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IndianOil and Citibank tied up to provide this Platinum credit card. You will earn four turbo points or TP for every ₹150 spent on purchasing fuel at any IndianOil outlet. Moreover, you can earn up to a maximum of 267 points in a single transaction.
Here, one TP equals ₹1 worth of fuel. However, you need a minimum of 250 points to redeem them. Additionally, you can enjoy the following credit card benefits:
1: ₹250 worth of free TP on successful card activation.
2: Two TP for every ₹150 spent on supermarkets or grocery purchases.
3: One TP for every ₹150 spent on other purchases.
4: Special dining discounts and privileges.
5: Travel discounts.
6: Redeem TP for gift vouchers.
₹1,000 + taxes. Annual fees are waived if you spend more than ₹30,000 in a year. Annual percentage rate (APR) of only 39% or 3.25% per month.
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alternatively, you can opt for the HDFC Bank credit card that has tied up with IndianOil as well. You can earn one 'fuel point or FP for ₹150 spent on fuel at any IndianOil outlet. Besides, you can earn up to 250 points during the first six months and up to 150 points after the six-month period.
Here, one FP equals to ₹0.20 worth of fuel. However, these points expire two years post their accumulation. Other card benefits include:
1: Earn one FP for every ₹150 spent on credit card bill payments and groceries.
2: Get automatically registered for PayZapp on the first transaction of ₹500 within 90 days.
3: No interest charges for the first 50 days.
4: No annual fees if you register with smartpay within 90 days.
₹500 + taxes and annual fees. However, these are waived if you spend ₹20,000 within the first 90 days. From the second year on, it will be waived if you spend more than ₹50,000 in a year. APR of 41.88% or 3.49% per month.
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there are many other options for fuel savings when you don’t purchase from IndianOil outlets. HDFC Moneyback credit card earns you two reward points (RP) for every ₹150 spent at any petrol pump.
Here, one RP equals to ₹0.20 worth of fuel. However, you need a minimum of 500 points to redeem, and these expire two years from the date of accumulation. Accordingly, you can avail the following additional benefits:
1: Get a bonus of 500 RP on sign-up.
2: Earn two RP for every ₹150 spent on other purchases.
3: Redeem RP for cashback.
4: Redeem RP for air miles and other gifts.
5: Earn extra points for online purchases.
6: Spend ₹50,000 in a quarter to get ₹500 worth of e-gift vouchers.
₹500 + taxes and annual fees, but these can be waived if you spend more than ₹50,000 in a year. APR of 41.88% or 3.49% per month.
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In comparison to the previous MoneyBack credit card, the business version offers more rewards for higher purchases. You can earn four reward points (RP) for every ₹150 spent on fuel at any outlet.
One RP equals to ₹0.20 worth of fuel. Apart from that, you'll earn the following exclusive benefits:
1: Four RP on every ₹150 spent on online purchases, travel bookings, flight bookings, hotel reservations, and restaurants.
2: Bonus 2,500 RP on spending ₹1.8 lakh in a year.
3: No interest charges for the first 50 days.
₹500 + taxes annual fees, which can be waived if you spend more than ₹50,000 in a year. APR of 41.88% or 3.49% per month.
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The ICICI Bank HPCL credit card is a tie-up between ICICI Bank and the HP fuel stations. Here, you can earn both cashback and Payback points on your purchases. A cashback of 2.5% is applicable for purchasing fuel at an HP outlet. Accordingly, you can earn five Payback points for every ₹100 spent.
You can redeem 2,000 Payback points for free fuel worth ₹500. moreover, you can enjoy the following benefits:
1: Five Payback points for every ₹100 spent on purchases.
2: 15% savings on any dining outlets.
3: Discount savings on booking tickets from BookMyShow.
4: No interest charges for the first 48 days.
5: Complimentary access to airport lounges.
₹199 + taxes and annual fees, although it's free for the first year. APR of 40.80% or 3.40% per month.
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Yes, use your credit card like your debit card, and you have to charge only what you can pay at the end of the month.
You will need to apply for a Fuel Credit card by visiting the bank branch from which you wish to obtain a card.
A fuel card is a payment card that can be used for the purchase of petrol and diesel at pumps.
A fuel card can be used for expenses and maintenance of vehicles. This card will come in handy as it allows you to manage and regulate your fuel expenses, which are incurred, and you can stay informed about your business and personal-related expenses.
You can get 100% cashback up to Rs.250 on your all fuel transactions with the IndianOil Axis Bank Credit Card.
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